The Carlyle Group

Introducing “The Carlyle Compass”, a NEW weekly email newsletter from Jason Thomas, Head of Global Research & Investment Strategy, that brings together the latest research and market insights from our global team.   In our inaugural edition, Jason examines: ➡️ Nothing monopolizes attention like the monthly inflation data. But how much do short-run price trends really matter to the medium-term interest rate outlook? ➡️ Perhaps short-term interest rates are in “restrictive” territory, as the Fed insists, but that hardly seems the case for the broader stance of monetary policy.   For more, and to stay updated on future releases, request to subscribe here: global.research@carlyle.com

Today, Carlyle announced that its Global Credit platform has provided a one-stop shop financing package to support the growth of Big Bus Tours, the leading global provider of hop-on hop-off sightseeing bus tours. Big Bus Tours is the world’s largest operator of open-top sightseeing bus tours with operations across Europe, North America, the Middle East, and Asia Pacific. With more than 5 million customers annually, the company has expanded to more than 20 world-famous city destinations. Read more about the transaction in our press release: http://spr.ly/6046d1SoK and via Bloomberg News here: http://spr.ly/6048d1SoM.

Congratulations to Indegene on its successful IPO listing! Indegene made its debut on the National Stock Exchange of India and BSE Limited today, fortifying its position as a leading partner to #LifeSciences companies. Carlyle has been a proud partner in its growth journey in the healthcare technology space since February 2021.   #HealthcareTech #PublicListing #FutureReadyHealthcare

The relationship between banking and private credit is evolving and shifting towards more collaborative partnerships. According to Jason Thomas, Head of Global Research & Investment Strategy, “estimates suggest that the value of a relationship to banks is generally worth 12% of the principal balance on the loan, and you can think of that as the present value of all of those services over time provided.” Jason joined Romaine Bostick, CFA and Carol Massar on Bloomberg TV at #MIGlobal to discuss his outlook for the 2024 credit market and his latest #PrivateCredit report. Download here: http://spr.ly/6046jIwE4 Watch the full interview here: http://spr.ly/6048jIwEA

Today, Carlyle’s Global Credit platform announced the successful exit of its investment in One Nine Elms, a prime residential-led mixed-use scheme in central London. Completed in 2024, One Nine Elms is one of the UK capital’s highest-quality developments in recent years, consisting of best-in-class high-end units, modern amenities, and coupled with the five-star Park Hyatt hotel.    The exit of our investment in One Nine Elms is a great example of our #GlobalCredit business providing a flexible capital solution to finance a large scale and landmark residential development, leveraging the resources and experience of our platform. “This transaction exemplifies our strategy of providing complex and large-scale financings, and our ability to identify well-located, high-quality opportunities in the growing UK residential development financing market. We are delighted to have supported a development which is delivering the very best of city center living.” –Taj Sidhu, Head of Carlyle European and Asian Private Credit

Jason Thomas, Head of Global Research & Investment Strategy, and Mark Jenkins, Head of Global Credit explore the evolving dynamics of the #PrivateCredit investment landscape in our 2024 Credit Market Outlook. The report, which launched at the Milken Institute Conference this week, covers how: ➡️ Markets rebounded sharply following the November and December 2023 Fed meetings, as the risk of recession receded, and rate cuts came into view. ➡️ Bank disintermediation continues to gather pace, but new competitive fault lines have emerged. ➡️ As bank balance sheets become more constrained due to regulation and other factors, their lending decisions will become even more sensitized to relationship considerations, especially for large banks who derive a disproportionate share of their operating earnings from noninterest income.   Swipe to read the full report or download here: https://lnkd.in/gT-QXtXT #MIGlobal

Pooja Goyal, Chief Investment Officer of Carlyle’s Infrastructure Group, joined Romaine Bostick, CFA and Carol Massar on Bloomberg TV at #MIGlobal to discuss the escalating need for investment in sustainable infrastructure, such as power grids, amid the rising energy demands driven by artificial intelligence. "You can’t flip a switch and go green immediately. We have a thesis-driven approach to investing at Carlyle, and we knew 4-5 years back that there was going to be a significant demand for clean and sustainable energy sources." Watch the full interview: https://lnkd.in/gh_Tw7_t

Today Carlyle announced a $180 million preferred equity investment in Zippy Shell Incorporated, one of the largest containerized moving and storage companies in the US. This investment will provide the company with capital to refinance its existing debt and fund strategic growth initiatives, including continued network and fleet expansion, as well as strategic real estate acquisitions. Matt Settle, Managing Director at Carlyle, said, “Since the start of our initial partnership with Zippy Shell in 2020, we have been continually impressed with the management team and the company’s demonstrated ability to grow. Zippy Shell is a market leader in the containerized moving and storage space, and we’re confident in their ability to continue taking share.” Read more: http://spr.ly/6043j5q8Z

“We see a lot of unique opportunities to create alpha over the next several years. When we talk to investors, they don’t see risk to avoid it; they see risk to evaluate it and its return potential.” Carlyle CEO Harvey Schwartz joined the “Global Capital Markets” panel at Milken Institute’s 2024 Global Conference alongside industry executives to discuss how investors can identify opportunities and navigate challenges in a transformed global economy marked by higher-for-longer interest rates, the golden age of #PrivateCredit, the rise of #AI, and increased geopolitical risks in a low-growth environment. Watch the replay: http://spr.ly/6041j5WXX #MIGlobal

We are delighted to share that Anna-Louise Oliver, General Counsel (EMEA) for the Global Legal Investments (“GLI”) team, has been included in Private Equity International's 40 under 40: Future Leaders of Private Equity (Lawyers Category). Read more here: http://spr.ly/6040j3rFp Promoted to Managing Director at the age of 34, and swiftly promoted to General Counsel for Investments (EMEA) one year later, Anna-Louise supports fund heads in matters that extend far beyond the conventional legal aspects of PE transactions, advising the firm’s senior teams on new deal opportunities, management teams, and succession planning. She recently helped the team to launch a three-week paid work experience programme with the Carlyle GLI team through Big City Bright Future , an organization that supports students from disadvantaged backgrounds. This award was announced May 1, 2024, from Private Equity International. No compensation was paid by Carlyle for the award.